Here’s what $250,000 can buy you in different markets across Ohio
It’s no surprise that different parts of the country have drastically different price points when it comes to housing. What may cost you $1 million in LA may only be valued at $150,000 in the Cleveland area.
But what about when you look at different counties in the same state? Ohio, for example, boasts some of the cheapest living in the country, with Youngstown perennially at the absolute bottom of the list in terms of median home sale price. Below, we listed out about what under $250,000 could fetch you here in different Ohio counties. How’s your area look?
462 South Lincoln Ave Salem, Ohio 44460
An impressive 4-bedroom, 2 1/2 bathroom colonial nestled on the Historical S. Lincoln Ave. Well within walking distance to downtown, it’s turnkey and comes with many features like its spacious 2-story porch that is perfect for hosting friends and family. And, it’s nearly $20,000 below the $250,000!
3031 Euclid Heights Blvd Cleveland Heights, Ohio 44118
Built in 1928, this cape cod is still in immaculate shape. The whopping 3700+ sq. ft. and 5(!) bedrooms comes at a bargain for the location and the size. If the size isn’t impressive on its own, your buyers would fall in love with the unique Moravian Tile and pristine foyer. The mix of traditional and modern tastes throughout would match many tastes, with crown molding, wood floors, and cathedral ceilings upstairs. Also, poets and history buffs alike would be shocked to hear that Pulitzer Prize winning poet Mary Oliver once lived in the upstairs and wrote some of her most famous poems here!
7702 Spring Park Dr Youngstown, Ohio 44512
With 3 bedrooms, 2 full bathrooms and 1 half bathroom, this colonial in Youngstown has a ton of updates that buyers will love. From the hardwood flooring to the modern kitchen with granite countertops and beautiful cabinetry, there’s value in each room. Not to be overlooked is the waterproofed, finished basement that’s perfect for a man cave!
348 Alissa Ln Canal Fulton, Ohio 44614
Fitting just below the $250,000 budget, this ranch in Stark County has a more traditional floor plan with upgraded, high-end features – the granite surround fireplace, Kraftmaid self closing cabinets, and first floor laundry just to name a few. With 2 bedrooms and close proximity to Lake Lucern, this spot is perfect for the starter family, or for empty-nesters.
1220 Delia Ave Akron, Ohio 44320
Located in the city that LeBron built, this brick colonial is MASSIVE. At nearly 3200 sq. ft. with 4 bedrooms and 4 bathrooms, this is one of the largest homes on the list. Although built in 1942, the inside has been completely remodeled and looks like it’s straight out of a 2020 HGTV trends guide. The granite countertops and high-end appliances are what you would come to expect from a remodeled interior, but it’s the expertly-finished hardwood flooring that really sets it apart.
254 Genesee Ave Northeast Warren, Ohio 44483
The cheapest home on the list, this contemporary home in Warren looks anything but. The unique design and curb appeal are one thing, but the size (3000 sq. ft. 3 bedroom, 3 bathroom) and quality of the inside really define the intentions of this whole list. For $35,000 less than our “budget,” buyers are getting a great room with vaulted ceilings, a marble fireplace, new luxury vinyl flooring, cherry cabinets, Corian countertops, and new stainless steel appliances – and that’s just the first floor! Although, we would spend most of our time on the deck next to the pool and hot tub, because it has that too…
2208 Cleveland Rd Wooster, Ohio 44691
The last of our Ohio homes comes from Wooster. This colonial recently, and unsurprisingly, sold for $245,000, which seems like a steal when looking at the details. The first home on the list with more than 4000 sq. ft.(!) has so much to like. The kitchen was completely remodeled with tons of cabinet space, and the home boasts 5 bathrooms – no more waiting on Sally to finish doing her hair. Those with a green thumb would enjoy the gazebo outside perfectly adjacent to the perennial gardens.
While with any list like this, there are certainly exceptions and outliers. However, the main point is to show how far your buyers’ dollar can truly go in our markets. While compared to other states these houses are “cheap,” there is an abundance of value and quality that you simply can’t get in those markets. Buyers, your clients, need to be made aware of the value they can truly receive within their backyard.
If $250,000 isn’t a realistic budget for your clients, there are many lending options that allow them to still maximize their options. Renovation lending, for example, allows buyers to purchase a house that could use some work, renovate it to their liking, and pay for it all with one loan – on top of gaining immediate equity in the process. Just take a look at the approach this couple took: